Quetzaltenango Candle Inc. pays 30% of its purchases on account in the month of the purchase and
Question:
Quetzaltenango Candle Inc. pays 30% of its purchases on account in the month of the purchase and 70% in the month following the purchase. If purchases are budgeted to be $50,000 for August and $60,000 for September, what are the budgeted cash payments for purchases on account for September?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (4 reviews)
Payments for August purchases ...View the full answer
Answered By
Mustafa olang
Please accept my enthusiastic application to solutionInn. I would love the opportunity to be a hardworking, passionate member of your tutoring program. As soon as I read the description of the program, I knew I was a well-qualified candidate for the position.
I have extensive tutoring experience in a variety of fields. I have tutored in English as well as Calculus. I have helped students learn to analyze literature, write essays, understand historical events, and graph parabolas. Your program requires that tutors be able to assist students in multiple subjects, and my experience would allow me to do just that.
You also state in your job posting that you require tutors that can work with students of all ages. As a summer camp counselor, I have experience working with preschool and kindergarten-age students. I have also tutored middle school students in reading, as well as college and high school students. Through these tutoring and counseling positions, I have learned how to best teach each age group. For example, I created songs to teach my three-year-old campers the camp rules, but I gave my college student daily quizzes to help her prepare for exams.
I am passionate about helping students improve in all academic subjects. I still remember my excitement when my calculus student received her first “A” on a quiz! I am confident that my passion and experience are the qualities you are looking for at solutionInn. Thank you so much for your time and consideration.
4.80+
2+ Reviews
10+ Question Solved
Related Book For
Financial And Managerial Accounting
ISBN: 9780357714041
16th Edition
Authors: Carl S. Warren, Jefferson P. Jones, William Tayler
Question Posted:
Students also viewed these Business questions
-
Magnolia Candle Co. pays 10% of its purchases on account in the month of the purchase and 90% in the month following the purchase. If purchases are budgeted to be $ 11,900 for March and $ 12,700 for...
-
Pasadena Candle Inc. pays 40% of its purchases on account in the month of the purchase and 60% in the month following the purchase. If purchases are budgeted to be $40,000 for August and $36,000 for...
-
Confederate Candle Co. pays 20% of its purchases on account in the month of the purchase and 80% in the month following the purchase. If purchases are budgeted to be $18,000 for October and $19,500...
-
Describe the research question, research method and data sources of a research paper which has used these accounting values and cultural dimensions, and assess the significance of such research.
-
With current advancements in technology, how has the business presenters role been simplified? How has it become more difficult?
-
Why do you think international public affairs is a major growth area? Give specific reasons for your answer.
-
Determining the limitations of the constitutional doctrine of due process has been a difficult issue to resolve. Use the Internet to research specific California cases in which a court considered...
-
Paulos Company purchases a controlling interest in Sanjoy Company. Sanjoy had identifiable net assets with a book value of $500,000 and a fair value of $800,000. It was agreed that the total fair...
-
Jordan Sales Company ( organized as a corporation on April 1 , 2 0 2 1 ) has completed the accounting cycle for the second year, ended March 3 1 , 2 0 2 3 . Jordan also has completed a correct trial...
-
Evaluation of a project is another means of project control. Comment.
-
Dominos Pizza LLC (DPZ) operates pizza delivery and carry-out restaurants. The annual report describes its business as follows: We offer a menu designed to present an attractive, quality offering to...
-
Quetzaltenango Candle Inc. budgeted production of 685,000 candles for March. Each candle requires molding. Assume that 6 minutes are required to mold each candle. If molding labor costs $15 per hour,...
-
1. If you were in Jimmies shoes, would you sell Greg an equity stake in Lees Ice Cream? Explain. If Jimmie does sell equity to Greg for $3,300, what percentage of the business should he offer? 2....
-
What is the purpose of an IT audit?
-
The international metallurgy company has a large project management office (PMO) due to the number of projects it pursues each year. Of the following, which is the best description of the areas a PMO...
-
Activity A is worth \($400,\) is 100% complete, should have been done on day 1, and actually cost \($400.\) Activity B is worth \($150,\) is 90% complete, should have been done on day 2, and actually...
-
The existence of modes with frequencies higher than the measurement bandwidth leads to an effect referred to as __________________ when performing a modal fit to the measured FRF.
-
What organization could audit projects in an organization to help ensure the health of the project and offer suggestions for improvement if needed? a. Projectized organization b. Balanced matrix...
-
When there is little or no inflation, a homeowner can expect to rent an unfurnished home for 12% of the market value of the property (home and land) per year. About 18 of the rental income is paid...
-
The diagram shows the two forces acting on a small object. Which of the following is the resultant force on the object? A. 8 N downwards B. 8 N upwards C. 2 N downwards D. 2 N upwards 3 N 5 N
-
The actual variable cost of goods sold for a product was $ 70 per unit, while the planned variable cost of goods sold was $68 per unit. The volume increased by 1,200 units to 7,000 actual total...
-
At the end of the first year of operations, 7,500 units remained in the finished goods inventory. The unit manufacturing cost during the year were as follows: Direct material .......... $ 52.00...
-
The duller Edge Inc. assembles and sells MP3 players. The company began operations on May 1, 2012, and operated at 100 % of capacity during the first month. The following data summarize the results...
-
a. In nucleotide-based alignment, one algorithm to update scores in comparing two nucleotide sequences is shown below (8 is gap penalty; vi and wj are two nucleotides being compared; u is a...
-
How many times does the following loop execute? for(x = 1000; x <10; x--) { code here... }
-
a) Write an assembly program to implement the following instructions. HINT: YOU CAN USE REGISTERS FOR STORING INTERMEDIATE INFORMATION IF NEEDED. EAX, EBX, ECX, EDX, ESI, EDI REGISTERS ARE AVAILABLE....
Study smarter with the SolutionInn App